11/13/2019

News

Opinion: Why Building More Shelters Won’t Solve Homelessness

Many naive policymakers discuss homelessness in purely economic terms, perpetrating a distracting myth. Sure, people become homeless for diverse reasons. One might be a LGBT youth, kicked out by parents. Another might be a spouse fleeing an abusive relationship. Those are prime candidates for conventional outreach and solutions: Make them aware of shelters and house […]

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Tesla details Bay Area layoffs, with sales and service taking hit

The sprawling Fremont campus where Tesla makes its cars will take the brunt of the company layoffs, Tesla said in public notices filed with the state of California. The electric carmaker will terminate more than a thousand positions from its workforce in Northern California, as part of an announced round of layoffs affecting more than […]

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This corner of California is suffering economic misery despite boom all around it

As California has rebounded from the Great Recession, the Imperial Valley has largely defied attempts to expand its economy beyond seasonal farming and government work, and the county continues to suffer the highest unemployment rates in the state. According to the U.S. Census Bureau’s latest five-year estimate, Imperial County’s unemployment rate stands at 16% — […]

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Economy Notches 100th Straight Month of Increased Employment

Tested in January by a 35-day government shutdown, market volatility and uncertainty about global growth, the U.S. labor market passed with high marks, notching its 100th straight month of increased employment and sustaining robust wage growth. Nonfarm payrolls increased a seasonally adjusted 304,000 in January, the Labor Department said Friday. The gain was well above […]

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U.S. Labor Market Powers On Despite Growth Concerns

A gauge of layoffs across the U.S. fell last week to the lowest level since 1969, suggesting the labor market remains on solid ground despite concerns of slowing economic growth. Initial jobless claims declined by 13,000 to a seasonally adjusted 199,000 in the week ended Jan. 19, the Labor Department said Thursday. This marks the […]

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California economy finishes 2018 on a strong note, adding 24,500 jobs

California’s job market finished 2018 on a strong note, as payrolls continued to expand despite concerns over a volatile stock market, a continuing trade war with China and fears of a possible U.S. recession. The state added 24,500 net new positions in December for a total of about 17.28 million, according to the California Employment […]

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U.S. Job Openings Fell in November

The number of unfilled jobs in the U.S. fell in November to the lowest level since June, though openings still exceeded unemployed Americans. There were a seasonally adjusted 6.89 million job openings on the last business day of November, the Labor Department said Tuesday. That was down from a revised 7.13 million at the end […]

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Strong U.S. Job and Wage Growth Provides Assurance on Economy

U.S. employers added jobs at a robust pace in December and wages posted their biggest full-year gain of the expansion, providing a strong new counterpoint to recent worries in financial markets that the economy is sputtering because of trade frictions and rising interest rates. Stock prices rose on the economic news, then jumped even higher […]

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California unemployment rate holds steady at 4.1 percent

California’s unemployment rate held steady at 4.1 percent in November. The state Employment Development Department said Friday that employers added 30,700 nonfarm payroll jobs last month. Nine industry sectors added jobs while two reported job losses. California’s unemployment rate was 4.5 percent in November 2017.

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Hiring Slows as Wages Grow, Unemployment Holds at Multidecade Low

U.S. employers slowed their hiring in November, but wage growth matched the highest rate in nearly a decade and unemployment held at its lowest level in nearly half a century, signs of a strong economy that could be losing some momentum at the end of a banner year. Nonfarm payrolls increased a seasonally adjusted 155,000 […]

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A Downturn That Costs Jobs Could Catch the U.S. Unprepared

In 2009, mired in the depths of recession, Ohio’s unemployment trust fund went broke, prompting the state to borrow $2.6 billion from the federal government so it could keep sending checks to unemployed workers. Now, with the state unemployment rate down to 4.4%, the debt has been repaid and the trust fund has started to […]

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California unemployment rate holds at record low 4.1 percent

California’s unemployment rate held at the record low of 4.1 percent in October. The state Employment Development Department says Friday that employers added 36,400 jobs last month. A year earlier, California’s unemployment rate was 4.5 percent. The rate hit the record low in September after spending months just a notch higher at 4.2 percent.

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Millions of Californians’ jobs could be affected by automation — a scenario the next governor has to address

To Moenius, the rise of robots in warehouses, factories and fast-food restaurants presents danger for places like the Inland Empire, where most residents work in logistics and the service industry and just 21% of adults have a four-year degree. As technology transforms the nature of work in California, how do people most at risk find […]

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California unemployment rate drops to a new record low: 4.1%

California’s unemployment rate ticked down to 4.1% in September from 4.2% the previous month — the lowest rate in 42 years, according to the state’s Employment Development Department. Payrolls in the state grew by 13,200 jobs compared with August, with the most gains coming in the business and professional services sector, the leisure and hospitality […]

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Unemployment is the lowest it’s been in almost 50 years, but the labor market still isn’t completely over the recession

Maybe the most obvious shortcoming is that there still aren’t as many people looking for work as there “should” be. In particular, the share of 25- to 54-year-olds — who you’d think would be in the prime of their careers and are in fact working — is still 0.4 percentage points below where it was […]

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